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20131202
20131210
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FBC 12
CNBC 5
MSNBCW 5
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English 30
Search Results 0 to 29 of about 30 (some duplicates have been removed)
MSNBC
Dec 3, 2013 2:00pm PST
deficit through chapter 9 bankruptcy. but as the court ruling showed, it was rushed into bankruptcy. governor schneider did not use bankruptcy as a last-ditch effort to save detroit. he used it as a first-ditch effort to make sure his buddies on wall street get paid first. the banks are at the front of the line, with their hand out, looking for the money that detroit generates. detroit is not broke. detroit generates nearly $2 billion in revenue in tax revenue every year. not only that, the governor had his eye on the pension fund, since he got into office. so, you know, for us, we pay taxes, because we want services. kevin orr does not understand how to deliver that service. he does not understand how to run a city. he understands how to take companies through bankruptcy. >> yeah. >> and if anybody thought that anything but bankruptcy was going to be the outcome when jones day and kevin orr is there, and then they hire all the consultants that come in from wall street, myers brinkerhoff gobbling up $5 million a month in tax revenue from the citizens of detroit and not putting a pol
CNN
Dec 5, 2013 2:00am PST
an end to the war on budget deficits and pledging to fight the deficit of opportunity for the poor and middle class. in a speech wednesday on his economic priorities, the president said the federal deficit is under control and doesn't present a serious threat to the economy. he focused on the gap between the rich and the poor and making the case for raising the minimum wage to more than $10. while extending unemployment benefits. >> we know that we're going to have greater and greater portion of our people in the service sector and we know that there are airport workers and fast food workers and nurse assistants and retail salespeople who work their tails off and are still living at or barely above poverty and that is why it's well past the time to raise a minimum wage that in real terms right now is below it was than when harry truman was in office. >> republican leaders quickly took issue with the president's poach. house speaker john boehner suggesting the president's policies created the very problems that he described. >> meanwhile republicans and democrats are trying to hamme
FOX Business
Dec 3, 2013 7:00pm EST
financial burden, a huge problem that is going to blow our budgets and our deficit apart. that is what the american people are looking at command that is why, you know -- lou: they are not looking at that, if i may. you know, they may, as they read your book, as they listen to dr. brown and his colleague, but the reality is, they're looking at a train wreck. the expression was used to describe the website. it is so monumentally massively more than that that it is incomprehensible. the number. $17 trillion. 9 million people added to the medicaid rolls. we are looking at an explosion of entitlements and debt and possibly devastation to the deficit and to the country if we don't get in charge of it. >> you are absolutely -- >> this president seems to have no sense of what to do. i will give you the last word here congressman, but it seems the republicans don't have the answers either. >> you are absolutely correct. it is monumental. needs to be totally ripped out by the roots and replaced with something such as my patient option act. we do have some republicans and democrats that wants to
FOX Business
Dec 6, 2013 11:00pm EST
to be contributing to our long-term death of deficit. neil: the amount of money that we are committing, and the top that we are talking about, you're right about the improvement and things will snap back into place when the economy and the recovery snaps back into plac but right now it is untenable. >> in terms of relaxing standards, some of this is -- for example, someone will have to qualify for work in order to get this. that seems like a good policy to me. >> i agree with that, but there's a lot of pride fraud in the program and that is indisputable. and the people on both sides have their own opinions. let me finish. you will from both sides want to help the poor out. everyone wants to help the poor out. help them, give them a job. the problem is there is abuse of the system that is being underreported and understated by the democrats who are basically saying that it's nonexistent. i totally disagree with that. >> the studies say that the fraud rate is very low. >> it is misreported. >> it's not just for families. >> yes, it is. the fraud report has a problem. and here's the problem with the f
CNN
Dec 9, 2013 2:00am PST
washington post" says it would roll back some of the cuts and take action to reduce the deficits. overall it may not be the grand bargain some were hoping for. negotiators have been trying to find common ground since october as part of the grooemted thagre end the government shutdown. >>> so south africa. the nation and the world gather to remember nelson mandela. sunday was a national day of prayer in south africa with millions paying their respects to the former president. the preparations are now under way for a memorial service that will bring dozens of world leaders, including president obama, to south africa starting today. robin kurnow is outside mandela's home this morning. you've just spoken to one of his closest confidants. what did she say? >> we are hearing for the first time what is going on inside this house behind me. the home where nelson mandela died. we have been seeing a lot of people coming outside in the past few days laying flowers, paying their respects. we understand according to african tradition, nelson mandela's wife is sitting on a mattress in the living room i
FOX Business
Dec 9, 2013 4:00pm EST
, couple things. one is the deficit has been get being smaller. there are fewer of them out there than there were a couple years ago. but there are also, i mean there are a lot of buyers out there, insurance funds, pension fund and don't forget foreign central banks who are trying to control their own currencies. david: there is no concern that there won't be demand there for the bond among fed officials? >> what the fed will tell you there are not, what they're trying to do is lower interest costs for households and companies. they're not trying to make it cheaper for the government to go out and run big deficits. i don't think they're worried about that. cheryl: jon hilsenrath, aka, bruce springsteen. >> thank you very much. how old is bruce these days? i think you don't need to worry. you're a lot younger than because. cheryl: kind of looks like bruce. david: will new york mayor-elect bill de blasio's wealth tax proposal cause wall streeters to move to main street? steve forbes talks about the potential implications of the new mayor's plan in just a moment. cheryl: they might be cor
FOX News
Dec 2, 2013 7:00pm PST
the disaster. the ever growing government deficits, debt, doubling of people on welfare, what do you think in the privacy -- i know you spend time reading and you are a student of history. what do you think privately will happen to this country? >> i think -- hmm. i think that we are -- >> in trouble. >> yeah. i think we are in a situation that we will either rise and be our best sefls. i saw something over the weekend. 70% of americans don't trust each other. if that remains true, well, we become europe. we have to trust each other. we have to be our bet sefls. otherwise we breast cancer up and never come back. there is a good chance that with the mike lee and the ted cruz of the world we do to the republican party what happened to the wigs. there was no third party. there were 20 republicans. by 1860 they had a president elected. i think that can happen in a faster time because of the internet. the if people stick to their principles and the people of the country remain good and decent to each other. if we believe the things that we are playing "knockout" and fighting over a few extra bu
FOX Business
Dec 4, 2013 7:00pm EST
anymore. we explored our countries trust deficit. robbie leatherwood will speak with us next. reporter: vice president aydin in asia, trying to keep the chinese are starting a military conflict. former army four-star general jack keane on what the administration should do next as a business owner, i'm constantly putting out fires. so i deserve a small business credit card with amazing rewards. with the spark cascard from capital one, i get 2% cash back on ery purchase, every day. i break my back around here. finally soone's recognizing me with unlimited rewards! meetings start at 11, cindy. [ male announcer get the spark business card from capital one. choose 2% cash back or double miles on every purchase, every d. what's in your wallet? i need your timesheets, larry! ♪ [ male announcer ] the parking lot helps by letting us know who's coming. the carts keep everyone on the right track. the powerools iroduce themselves. all the bits and bulbs keep themselves stocked. and the doors even handle the checkout so we can work on that thing that's stuck in the thing. [ female announcer ] tod
CNN
Dec 6, 2013 2:00pm PST
the government, folks with the national deficit dropping at its fastest rate in 60 years? it is time to stop the obsession with deficits and start an obsession about middle-class job creation. >> well, governor granholm, i'm going to give the president credit for these numbers -- >> stop the presses -- >> but this nation is still woefully unemployed. he has to take credit for that, too. i know his numbers could not have come at a better time for an administration that's had a rough couple months. in the crossfire tonight, a pair of economic experts, david madlin director of the american worker project for the center of political progress. >> and david, let me start with you. even though this morning's jobs numbers sound rea
FOX Business
Dec 3, 2013 11:00am EST
is insolvent it is detroit. has been borrowing money and using deficit financing for years. this is not a bankruptcy like jefferson county, alabama which is a single transaction. this is a city that is structurally solvent meaning it spends more than has coming in and accumulated debt that it can't pay back. connell: this portion of it jeff was referencing, refused to go farther than people thought with regard to pensioners. they get no more favorable standing than other creditors do. jeff says that could have implications for other places. >> it could have implications but those places have to be in bankruptcy. at this point you have two dozen states where state court rulings or constitutions protect pensions, not only what you already earned but anything you might turn going forward which is far greater protection than anyone has in the private sector.% so you still have to be in bankruptcy for this to apply and right now we don't have a lot of cities tumbling into bankruptcy. dagen: will it encourage them and push municipalities toward this? >> it is a very interesting s
CNN
Dec 4, 2013 10:00am PST
and deficit. >> we'll see what they can come up with between now and then. that's it for me. i'm be back 5:00 p.m. eastern in "the situation room." "newsroom" continues right now with brooke baldwin. >>> hi, there. i'm brooke baldwin live in new york today. we begin with a story that absolutely broke the nation's heart. i'll never forget it. i was there in newtown. i saw first hand the utter devastation, the anguish upon the faces of those in the community, the first responders, the children because of the shooting at sandy hook elementary school. i talk eed to a first responder trembling with grief. i saw the funeral processions with the tiny white caskets for young first grade victims, and moments ago, we got the 911 calls, these tapes, from that mass shooting in this quaint connecticut town. the 911 calls from inside the school where a an
FOX News
Dec 4, 2013 9:00pm PST
the trust deficit the polling suggests. can he be should the people believe him? >> first of all, let's start with health care. we are obviously in a period of transition. i think you will see a lot of bumps in the road as we move forward here. >> big bumps. >> the law will work. it's already started to increase. >> very low. there was only one direction the to go. >> a lot of them are 18 to 29. you were probably a straight a student and planned ahead before things were due. >> you keep that rolling. >> a lot of folks will get ready right before the deadline. that happened in massachusetts. >> get back to what i said. >> on the trust issue. you know, look. this isn't the first time the president is running on a big serious issue, on the auto bailout. people weren't happy about it. it was unpopular. on the bp oil spill. people called it obama's katrina. >> they think he lied. that's different from didn't handle it well, could have been better. >> same thing people said about bp. >> people think he lied about their health care. what's more personalle? >> what we saw from other issues is
MSNBC
Dec 3, 2013 5:00pm PST
throw deficit. but the way to do it, and tragically the bankruptcy court can't order the state to kick in a little money, to put back the $47 million they paid, that's the way to do it. so -- >> so if they wanted to reinstate that revenue sharing they took away, you could create a cash flow to get their head above water? >> yes, and you could do it that way ininstead of bankruptcy. >> when you look at the number of bills passed by the house and the paltry number of bills passed by the senate you can see where the problem is. >> yes, we can. and we'll talk about it next. hey wayne, quick question... did you try restarting it? no, not that. i was thinking about getting a tablet as a gift... verizon has tablets. they got a lot of them? accessing brain information... yes, they have a lot to choose from. did you really just... and now you can get $100 off any tablet. thanks, wayne. save like never before on any tablet at verizon now. get $100 off any tablet. plus trade in your old tablet for up to $150 or more. that's powerful. verizon. can you move your beverage away from the keyboard? it'
MSNBC
Dec 3, 2013 9:00pm PST
with paul ryan on this. you might remember him from the big deficit reduction in 2010. he was part of that and he killed it. he was part of that ena he killed it. he was about part of the grand bargain in 2011 which was killed by paul ryan. so yes, patty murray and paul ryan are reportedly close to a deal that would kill the sequester, get us a budget, and all sorts of reasonable things that everybody in washington says they want. paul ryan's history of working on deals like this is he likes to be seen working on them before he breaks free and calls them impure and kills what he helped to negotiate. i'm not getting excited about this yet. initial reports are positive, long term prospects are dim. even the babiest of babe steps are steps. in a year like this one, a congress like this one, the most meager signs of progress must be nurtured. urpassed craftsmanship at the lexus december to remember sales event. some of the best offers of the year. this is the pursuit of perfection. the day building a play set begins with a surprise twinge of back pain... and a choice. take up to 4 advi
CNBC
Dec 4, 2013 6:00am EST
for the month. also out today we have third quarter productivity, trade deficit, new home sale, manufacturing index and beige book. jp morgan chase and citibank is among those assessed $2.3 billion. society general, royal bank of scotland were among those fined. sears executive has reduced the stake to 48.4% down from the prior 55.4%. investors that decided to exit lam pert's stake shares were down. >> thanks. i was going to see how much -- he's still loaded, $5.9 billion. he still has half. >> roughly, yeah. >> let's get a check on gold prices and currency levels. joining us now the bks management, shaun is editor of the wealth report. our guest host wants to talk. can you say it? can't talk about it if i can't say it. what was the news? number in in terms of reserve currencies. >> in materiaterms of trade. the chinese economy and society itself becomes more open. it's a transactional unit. there's too much issue from property rights point of view to trust as a reserve currency. >> what about the reports coming out of the saudi arabia that they're negotiating with the chinese to pay for oil?
CNBC
Dec 4, 2013 7:00pm EST
a quick list. the adp private jobs boomed. 215,000. the trade deficit narrowed. new home sales were gangbusters. the ism services, little soft but still pretty good in the mid 50s. the fed beige book, pretty darn good. i'm not counting today's little -- this little three or four day thing, it's not a real question. why isn't good news good news? you look at these numbers and you could say to yourself, the economy is getting better. >> yeah, i think that in the end will be good news for the market, larry. in the meantime i think the market's saying, okay, if the news is good, maybe the fed tapers sooner rather than later. i'm not sure i like that so much. that's one explanation. i think another is, hey wait a minute, we're up a double digit percentage. we're up a lot in a short amount of time. we're discounting some good news. i'm tired. i'm going to take a rest. i think that's a bit what's going on here. >> protect your gains, that's what you're saying. >> here here. >> let me ask you this. okay. so you're janet yellen. you're going to be janet yellen tonight. you're coming in. i kn
FOX Business
Dec 4, 2013 4:00pm EST
. liz: the trade deficit narrowing as exports hit a record high. picking up in global demand that could help boost american growth in the fourth quarter. david: and falling of the fda revealed the company recalling 1400 robotic surgery systems because of concerns the devices could stall and that was bad news for the stock. "after the bell" starts right now. liz: i could say this was massive action but if you're just tuning in and look these numbers are not that great, we were way lower but also way higher. let's break down the market action. portfolio manager who doesn't expect to taper anytime soon despite the strong adp report. what it means for your investment and todd horvitz. what interesting market behavior today, as we went into the 3:00 p.m. eastern show we had crossed the flatlined, so tough to find direction. >> it was like a big soap opera today. they laughed, they cried, they took them down, they took them up. closed around the flatlined. the market is very volatile, everybodeverybody's pointing toy jobs number. all the other news, really not where we are focusing. everybody
MSNBC
Dec 3, 2013 7:00pm PST
, by platform, by a vision of where to lead to reinvent the party. and you see the great deficit in those remarks by the speaker that the congressional wing of the republican party has in the eyes of the american people, absolutely bereft of ideas. i'm not a fan of the affordable care act, but my party has no solutions to deal with what's a real issue. no working person in this country, for example, should lose their house, go bankrupt, because their kid breaks their leg or their spouse gets leukemia, so republicans, who were once the party of ideas, during the regan era, through the 1990s along with president clinton, we have collapsed as far as our ability to be policy entrepreneurs. that's the great challenge if we're to be successful in 2016, to have candidates to break away, put forward ideas about economic growth, health care, and ideas that americans are focused on. >> jonathan, you wrote a great piece today about the republican party basically being dead to the ideas. the thing that strikes me about the video that we saw, it's one thing for john boehner to not really have any heal
FOX Business
Dec 4, 2013 1:00pm EST
that will solve this problem. it doesn't have a lot of opposition, wouldn't add a dime to the deficit and congress should waste no time in enacting get. ashley: the problem is congress is embroiled in these budget battles that get pushed back two or three month. could this get lost in the shuffle as they deal with a bigger budget? >> we are hopeful that because this has such strong public support it has bipartisan support which is increasingly rare these days. we are hopeful that congress will take it up but it could get lost in the shuffle. ashley: this is a huge hit economy, any numbers over the last year 700,000 yorker's saved $330 million for this benefit. if they lose, that is money taken out of people's pockets and that has to hurt the economy. >> exactly right. this benefit is also good for businesses. people take transit to work save their employers through this tax benefit $300 million in 2010 alone. and letting just the transit portion of this benefit be cut in half, creates an unlevel playing field. if you are a business where a large number of your employees takes public transit to wor
FOX Business
Dec 5, 2013 11:00am EST
't the unions with deficit down and negotiate? >> maybe at some point. dennis: we do it in the private sector all the time, why can't you? >> this idea government workers are uncomfortable, but yet all activity. >> it is ridiculous. these people deserve what they were told they would get. >> it is a lot more antigovernment. dennis: you're a good sport. the congressional bill in illinois, you'll hear from the guy who could be the next governor in illinois. talk was tracy byrnes and ashley webster at 2:00 p.m. cheryl: "wall street journal" reporting americans with chronic illnesses might also be big losers with higher out-of-pocket drug cost. joining us to talk about how it will affect the pocketbook, it is great to have you on the program. the journal found the biggest issue here is the still had to sign up for the plan before they will tell you what your benefits are going to be. how are we supposed to know what it will be? >> they are very tough, especially where lots of sick people are opting into the exchanges premiums may be lower. they will have a tough time figuring out how much will co
CNBC
Dec 9, 2013 9:00am EST
the likelihood of a shutdown and another debt crisis in january. but it wouldn't have much deficit reduction. it would not go after any of the hot button items like social security or medicare, which need to be dealt with over the long-run. it wouldn't close any tax loopholes. those things have proven too partisan for these budget negotiators to tackle. yesterday, in the nfl, the kicker for the denver broncos made a 64-yard field goal. record for the nfl. this is more like a 6-yard field goal. they haven't kicked it yet. i do think they will before congress goes home. it is a minimum achievement for people to cheer about. >> john, it is interesting when you talk about some of the little sticking points here. one is the benefits for the long-term unemployed. that is making up a record percentage of the people in this country who are unemployed. do you get the sense that congress is looking at the jobs report and saying, hey, maybe we shouldn't move the needle on that right now? >> i think that is difficult in part, because when you look at the size of this deal, we are only talking about $90
CNBC
Dec 5, 2013 6:00am EST
that deficit of caloric intake. >> we have a camera. >> stop. >> wow. >> they're solving your first world problems, there you go. >> another issue you've been looking at is educational disruption. we've been talking about that, where do you think the winners are? >> that was on camera. is that my age or iq? >> i'm terrified of buying the ulta vista of this. the entrenched -- all the reasons that this part of the economy has failed to adapt are mostly still in place. . i think it'll take a while to unwind and fix itself. we haven't put our bets down on that trend but it's going to be big, it has to be. >> what has to happen before you'll put money on the table for this? >> you know, a lot of people say there's not a lot of money in that because they're college students. come on, that's b.s., budweiser makes a lot of money. we find someone who is making money. >> i think you look good. i do. >> -- a revision to the third quarter gdp. rick santelli standing by in chicago. take it away. >> all right. our second look at third quarter gdp is off the charts out of expectation range. 3.6, 3.6. he
CNBC
Dec 9, 2013 6:00am EST
taxes, sales tax. we have all budget surplus, i walked in with a budget deficit, i now have a $1.2 billion surplus. we're making our economy the opportunity economy where, you know, if you want to build a business, you can -- and you want to get a job, you come to florida. >> your unemployment rate has dropped quicker than any other state, i know that. and you're now -- >> 6.7 -- >> which is below, we got down to -- >> 7%. >> i don't know, yeah. anyway, you're at 6.7%, were you higher? i would think you'd always be below. >> unemployment went from 3.5% to 11.1%. >> where was the national average? >> 9%. >> never got above -- >> i think it was nine when i came -- >> maybe ten. >> i think it was nine when i came in. in the month of october, we generated private sector jobs, my good friend governor perry, only had 12,000 jobs. >> oh, you two guys go at each other. i see that a lot. that's a great rivalry. almost like a football -- >> he was number one. what do you want to be? i want to be number one. so i go after number one. >> what's the minimum wage? >> it's $7.67. >> is that a w
FOX News
Dec 3, 2013 3:00am PST
to cut the deficit in half. not true. remember it was about two weeks ago, three weeks ago where the white house said we're going to have this technical -- we're going to have a tech surge to fix this website. you know what? according to "the new york times," you know how many people were in the tech surge? >> how many? >> six. six people in the tech surge. it really was kind of a p.r. stunt. >> unfortunately it's on the backs. american people. they are 5% roughly, of the 7 million enrolled, they need to have 7 million enrolled to pay for this program, so why tell the truth when the lie will get them there? >> only 15%, they are still behind. >> we'll keep you posted on all that. in the meantime, good morning. heather nauert. >> peter, nice to see you. got news to bring you. we begin with a fox news alert. an update on that deadly train derailment in new york. investigators say that train was going 82 miles per hour in a 30 mile per hour zone, this happening early sunday morning. all seven cars jumped the tracks killing four people and injuring dozens of others. the engineer has
Search Results 0 to 29 of about 30 (some duplicates have been removed)